July 27, 2018
RYCO Management LLC is adding two partners and expanding its property footprint in its Pittsford neighborhood as well as into Brighton.
James Ryan III and his wife, Lauren Sands, will acquire the interests of former RYCO partner John Anderson, who died in September in a rappelling accident in Costa Rica.
James is the son of RYCO president Jim Ryan Jr. Jim Ryan Sr. founded the firm in 1971 and turned over operations to Jim Jr. and Anderson upon retirement in 2000.
“James and Lauren are filling a significant void at RYCO left by John’s absence,” Jim Ryan Jr. said. “Since the shocking news about John, the pieces have all come together in a way I had never expected.”
Ryan Jr. said the additions to the leadership team leave RYCO “well positioned” for the next generation of ownership.
RYCO’s portfolio is growing. The firm recently completed the purchase of Corporate Crossing, a 210,000-square-foot office park off Pittsford-Victor Road in Pittsford, and Canal View, a 120,000-square-foot office park off Winton Road in Brighton.
Both properties had been owned by the partnership of Robert Morgan, Dave Christa and Tom Bonadio. The Bonadio Group remains a tenant at Corporate Crossing, which is also home to GateHouse Media and Martino Flynn.
Canal View anchor tenants include Rochester Cardiopulmonary Group, Gallo & Iacovangelo and USI Insurance Services.
RYCO now owns and manages nearly 600,000 square feet of office property in Bushnell’s Basin near the Route 96 corridor, plus the newly acquired space in Brighton. The firm also provides third-party management for independent properties in the region.
Construction of a new 40,000-square-foot office building just off Pittsford-Victor Road in Basin Office Park is nearing completion. The building, called simply 1162, is scheduled to be ready for tenants in September.
Originally published in Rochester Business Journal.